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Micron Stocks Fall Over 2% Despite Samsung's 783% Profit Surge
GuruFocus ·
GuruFocus reports: Micron Technology , the AI-memory and storage producer, fell over 2% to $1,065.92 at approximately 10:29 a.m. ET on Oct. 8, despite another strong signal from the memory industry. According to Barron's reporting, Samsung's (SSNLF) preliminary profit underscored the pricing boom. But strong industry earnings do not guarantee a rising stock. Investors already expect plenty from Micron. The company's latest earnings release puts those expectations in perspective: quarterly…